Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dogpile

Trading the Nasdaq-100 (NQ) Futures

Recommended Posts

for much of the last few weeks, NQ will often set up one of my long or shorts and then just go dead off of the set-up. you don't necessarily lose money, it just corrects sideways rather than shooting the other way. if my set-ups aren't working with immediate and dramatic profits, then that is a lousy market :)

 

today did have 1 nice morning swing and then ended up a very weak 12 point narrow range day. I would like to see NQ go back to the 22-25 point range days with multiple 10+ point intraday swings. volume was up a bit today so I am anticipating some better swings tomorrow and beyond.

 

NQ is made up of choppy tech stocks that usually like to rinse daily swing traders out. IBD defines a 'distribution day' for nasdaq as a -0.80% day.. Tradestation shows that there have been 38 days this year where NQ has traded -0.80% vs previous days closing price (not distribution days with price closing that low, just trading down that far intraday).. this is vs ~130 trading sessions. So this kind of 'distribution day attempt' has happened on about 29% of all sessions, a significant number. We have now gone 8 sessions without a 'distribution day attempt' -- this is unusual lack of selling. maybe its a sign of extreme strength. but the odds at this point say we are overdue for at least a little 2-way action in the short-run. I don't need big down days to make good money -- just asking for a little bit of 2-way trading.

Share this post


Link to post
Share on other sites
NQ has not had a lot of good set-ups lately - probably due to lack of good volume. hopefully, it picks up soon.

 

I like trading NQ futures in the morning session (generally counter-trend) and YM futures in the afternoon (with the trend).

 

here is what I have been seeing lately:

 

see NQ Structure and NQ Structure Part 2 Videos

 

http://www.youtube.com/watch?v=5OYnIZ6mUUE

 

http://www.youtube.com/watch?v=4h5Zj4R4bY4

 

 

Good videos there Dogpile, But I would recommend getting either camstudio or camtasia, as you'll get better a visual of the screen.

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites
Good videos there Dogpile, But I would recommend getting either camstudio or camtasia, as you'll get better a visual of the screen.

 

Cheers

 

Blu-Ray

 

and then you can also upload them here on the video section and they will stay secure on this server....

Share this post


Link to post
Share on other sites

Just a structural review of NQ for 2-Day period ended Tuesday July 10, 2007.

 

Note the core concepts:

 

trades to previous days POC

ABC pattern as a continuation pattern

using trade location (market profile POC) to aid your trading decisions

 

 

http://www.youtube.com/watch?v=n_3waY3iv-s

 

 

 

(I realize Camtasia is better for videos but I am not looking at doing a ton of professional videos -- just looking to get some discussion going on NQ -- my apologies if you can't see it exactly but I am just talking structure here, not presice trade set-ups -- so the indicator settings are not really what is important -- just the combination of technical pattern and a little market profile to add some trade location filtering).

Share this post


Link to post
Share on other sites

 

(I realize Camtasia is better for videos but I am not looking at doing a ton of professional videos -- just looking to get some discussion going on NQ -- my apologies if you can't see it exactly but I am just talking structure here, not presice trade set-ups -- so the indicator settings are not really what is important -- just the combination of technical pattern and a little market profile to add some trade location filtering).

 

No problem Dogpile,

 

Thanks for the videos, please keep them coming, I wasn't really interested in indicator settings or precise set-ups, it was just a thought that it would be easier using camtasia or camstudio.

 

Anyway thanks again

 

Blu-Ray

Share this post


Link to post
Share on other sites

NQ essentially sucked and I didn't make a single NQ trade today. I had a bullish bias coming in due to the 'pinball buy' daily set-up (a Rashke 'Street Smarts' daily bias) but the 15-min chart didn't co-operate for a clean set-up. one more push down in the morning would have set-up a buy for me but it wasn't to be. here is the quick video I posted yesterday regarding the 'pinball' set-up for today:

 

http://www.youtube.com/watch?v=L8rzP7eqgQk

 

Note that while I couldn't find a good 15-min set-up, the market did trade back to previous days POC at 2002.75 -- a common tendency. This gave nice directional bias for the morning session -- in fact it hunted down previous days POC almost to the tick (yet again) before forming a choppy coil. Note how todays early-afternoon choppy coil did not compress into a triangle type of pattern -- creating a difficult pattern to read. It did do a 'ABC' down move before rocketing higher late in the day. But I was busy trading YM.

 

The late push up in price is nice because the market will likely be opening 'out of balance' (ABOVE todays POC). This makes for better trading tomorrow -- hopefully.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • PLTR Palantir Technologies stock watch, consolidation at the 81.29 triple support area at https://stockconsultant.com/?PLTR
    • WMT Walmart stock watch, big pullback to 84.84 support area with high trade quality at https://stockconsultant.com/?WMT
    • AXSM Axsome Therapeutics stock watch. pullback to 120.5 gap support area with bullish indicators at https://stockconsultant.com/?AXSM
    • Date: 14th March 2025.   Gold Surges Past Record High as Market Volatility Persists.     Gold Surges Past Record High as Market Volatility Persists Gold surged towards $2,994 per ounce, surpassing its previous high set on Thursday. With a 2.6% rise this week, gold is on track for its most significant gain since November. Meanwhile, gold futures in New York comfortably exceeded the $3,000 mark, reflecting strong investor sentiment toward the precious metal. The robust performance of gold this quarter extends its strong annual rally in 2024. Market uncertainty, exacerbated by the US administration’s aggressive trade policies, has dampened risk appetite for equities, pushing the S&P 500 into correction territory this week. Central bank purchases increased ETF inflows, and bullish forecasts from major banks have further fueled gold’s ascent. Trade Tensions and Market Impact Former President Donald Trump escalated trade tensions by proposing a 200% tariff on European alcoholic beverages, including wine and champagne. Additionally, he reaffirmed his stance on retaining tariffs on steel and aluminium and signalled that reciprocal tariffs on global trade partners could take effect as early as April 2. As we approach the second quarter, reciprocal tariffs could drive another wave of market turbulence, solidifying gold’s appeal as a safe-haven asset. Gold and Equity Market Reactions The upward momentum in gold has also lifted mining stocks, with Australia’s Evolution Mining Ltd. reaching an all-time high. Global holdings in gold-backed ETFs increased to 2,687 tons, marking the highest level since November 2023. Analysts at major banks remain bullish on gold’s trajectory. Macquarie Group recently forecasted a potential spike to $3,500 per ounce in Q2, while BNP Paribas revised its outlook to show gold prices consistently above $3,000. Gold traded at $2,983.50 per ounce in the Asia session, reflecting a 14% year-to-date gain. Meanwhile, silver edged lower after nearing $34 per ounce, while platinum and palladium recorded gains.     US Stock Market Recovery Amid Uncertainty After a sharp sell-off, US stock futures rebounded. Futures tied to the Dow Jones Industrial Average rose 0.4%, while S&P 500 and Nasdaq Composite futures gained 0.6% and 0.8%, respectively. Despite the slight recovery, Wall Street remains on edge following the S&P 500’s descent into correction territory. Trump’s firm stance on tariffs has added to market concerns. During a meeting with NATO’s secretary general, he dismissed any possibility of easing trade restrictions, acknowledging that further market disruptions may lie ahead. Government Shutdown and Economic Indicators Adding to the economic uncertainty, a potential US government shutdown loomed over Wall Street. However, a breakthrough emerged late Thursday as Senate Minority Leader Chuck Schumer signalled a willingness to advance a Republican-led stopgap spending bill. Today the University of Michigan’s consumer sentiment survey is expected to shed light on how consumers are coping with inflation and trade disruptions. Last month’s report indicated weakening economic confidence, which could have further implications for spending trends. Asian Markets Rally Amid China’s Economic Stimulus Asian stock markets saw a strong performance this morning, brushing off Wall Street’s losses. Chinese stocks surged after state-run banks and financial institutions were instructed to support consumer spending. Hong Kong’s Hang Seng Index jumped 2.5% to 24,038.85, while the Shanghai Composite Index gained 1.9% to 3,420.65. In Tokyo, the Nikkei 225 added 0.9%, while Australia’s ASX 200 climbed 0.6%. China’s National Financial Regulatory Administration issued directives aimed at boosting consumer finance, including encouraging credit card usage and providing support for struggling borrowers. Economists, however, argue that broader reforms—such as wage growth and enhanced social welfare—are necessary for sustained economic recovery. Wall Street’s Struggles Amid AI Stock Declines Despite positive economic data, including lower-than-expected wholesale inflation and strong job market indicators, stock market turbulence continued. AI-related stocks, which have been at the forefront of market gains, faced renewed pressure. Palantir Technologies fell 4.8%, Super Micro Computer dropped 8%, and Nvidia fluctuated before closing 0.1% lower. Tesla also struggled, declining 3% and extending its 2025 losses to over 40%. In contrast, Intel shares soared 14.6% after announcing Lip-Bu Tan as its new CEO. Oil Prices and Currency Movements In commodities, US crude oil prices rose by $0.46 to $67.01 per barrel, while Brent crude increased by $0.44 to $70.32 per barrel. The US dollar strengthened to 148.63 Yen, while the Euro dipped slightly to $1.0845. Conclusion Market volatility remains high as investors navigate shifting trade policies, inflation concerns, and economic uncertainties. While gold continues to shine as a safe-haven asset, equity markets face persistent headwinds. As geopolitical and economic developments unfold, traders and investors must remain vigilant in the days ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • ItuGlobal: Our Latest NETELLER VIPs 2025 ITU GLOBAL VIP Members’ Rewards Every calendar year, we choose 2 customers to become our VIPs. They’ve permanently special status with us and they can fund/withdraw Neteller through us, at parallel market rates, whether they open brokerage accounts through us or not.   These are people who funded with the highest amount of Neteller, and who also withdrew the highest amount of Neteller through us.  They would be announced in January each year and added to our list of VIPs. ItuGlobal: Our Latest NETELLER VIPs 2025 Adetoye Oyebanji Babalola: Adetoye O. has started selling large quantities of Neteller to us since the very beginning of our company’s existence. He also sold Perfect Money to us many times, when PM was still available in Nigeria. Besides, he has given us a lot of helpful business advice, which has proven to be invaluable to us. He deserves to become our VIP. Isiaka Adekunle Mohammed: He is a constant buyer. Buying e-currencies and also funding his Instaforex account through us. We thank Isiaka A. for his trust in us and wish him the best in everything he does. Abiodun Lawanson: This is an avid buyer and seller of Neteller. He buys and makes profits and sells back to us. Sometimes when we are not online, he will send an offline message and we will process his order once we come back online. He has thus become our VIP. Source: Ituglobalfx.com.ng  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.